Broker comparison
FxPro vs Pepperstone
Both have FCA-authorised UK companies and offer MT4, MT5, cTrader and TradingView. They differ on deposits, pricing detail and the rest of their regulation.
Terms checked on 3 Nov 2026 against each broker's own website and legal documents
Founded
1999; head office London
2010, Melbourne
Minimum deposit
Not confirmed for standard accounts
$0
Raw pricing
Raw Spread and cTrader + $3.50 per side; cTrader EUR/USD average 0.43 (indicative)
Razor from 0.0 pips (average 0.1) + $3.50 per side on its own platform and TradingView, $3.00 on cTrader; check MT4/MT5 pricing
Spread-only pricing
Standard MT4/MT5: not published as a single figure
Standard from 1.0 pips (average 1.1), no commission
Platforms
MT4, MT5, cTrader, FxPro WebTrader, TradingView (cTrader accounts)
Pepperstone platform, MT4, MT5, cTrader, TradingView (Razor only)
Regulation
FCA (FRN 509956), SCB Bahamas (SIA-F184), FSA Seychelles (SD120)
ASIC (AFSL 414530), FCA (FRN 684312), CySEC (388/20), SCB Bahamas (SIA-F217)
Maximum retail leverage
1:30 (FCA); 1:200 (SCB Bahamas)
1:30 UK, EU and Australia; up to 1:200 at the Bahamas entity
FCA-authorised UK company
Yes (FRN 509956)
Yes (FRN 684312)
Which to choose
Both charge $3.50 per side on their main raw accounts; Pepperstone charges $3.00 on cTrader. Pepperstone has no minimum deposit; FxPro's standard-account minimum is not confirmed.
Pepperstone adds ASIC and CySEC companies; FxPro adds SCB Bahamas and FSA Seychelles entities for clients outside the UK.
Read the full FxPro review and Pepperstone review.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.
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Written by the Forex Awards research desk
Guides are checked against current broker documents and regulator rules. Spotted something out of date? Tell us and we will re-check it.
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